Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar with the company’s finances. The move follows a year of plunging cryptocurrency prices and rising energy prices. Core Scientific mines for proof-of-work cryptocurrencies like bitcoin. The process… Source link

This is an opinion editorial by Hector Alvero, a Bitcoin educator who serves as co-host of the Broward County Bitcoiners meetup. For most of us, walking the path of our individual Bitcoin journey has changed us in profound ways. We look more toward the future by improving our health, creating closer connections with those we care about (or reconnecting with them), and engaging in activities that represent our Bitcoin values. If you are looking for an activity that embodies these values in a… Source link

Litecoin maintained healthy transaction growth despite bearish performance. However, its low weighted sentiment was evidence of the fact that LTC may not have a strong recovery. On 19 December, the Litecoin Foundation announced that it processed over one million transactions within the last 10 days. This meant that the blockchain had processed a total of 138 million transactions, which was an important milestone. The Litecoin network just processed it’s 138 millionth… Source link

Bloomberg’s lead commodity strategist Mike McGlone says that Ethereum (ETH) is gearing up to outperform Bitcoin (BTC). The closely followed analyst says that despite rough waters for nearly all risk assets, Ethereum’s performance against Bitcoin (ETH/BTC) remains in a strong uptrend on the back of mainstream adoption. “Bitcoin crosses series; Ethereum may a be top candidate to continue outperforming the firstborn crypto –Ethereum’s advances vs. Bitcoin have been unshaken… Source link

Payments giant Visa has teased a possible integration with the Ethereum network to enable an automatic payments system. Visa has already been working with blockchain for a while. However, this time around, it is gearing up for a self-custody wallet.  Visa Wants Automatic Transactions On Ethereum Visa, which is one of the largest payment processors, is working on new ways for it to be able to enable transactions without involving a third party. The payments giant is moving towards an… Source link

About 17% of Bitcoin’s total circulating supply is now held by retail investors, according to recent public blockchain data curated by analytics firm, Glassnode. “Not perfect yet, but solid for a 12-year-old asset and definitely trending in the right direction,” tweeted Will Clemente, an analyst at Reflexivity Research, in response to the data. “Bitcoin’s supply disperses over time, while fiat’s holder base concentrates to whales over time.” A Glassnode chart shared by Clemente shows… Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Global asset prices trended higher on Tuesday as markets managed to flip the script and head higher after an early bout of weakness brought on by a move from the Bank of Japan to adjust the cap on its 10-year government bond. The central bank’s actions inflamed already existent… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link